Topic: Post Paypal announcement price - page 2. (Read 3589 times)
1000+ easily if they would accept Bitcoin as funding option. It would be huge thing, even a hint about it caused 20-30$ rise yesterday. Long way to go though.
what's Paypal business model?
what's his role and what "problem" they solve?
what strategic sense could have for them to add BTC?
what's his role and what "problem" they solve?
what strategic sense could have for them to add BTC?
Another way for money to flow into their coffers. Of course they are not likely to offer BTC as a payment option, though they could. Bitcoin kind of sucks for retail because six confirmations can take hours. That is why Bitpay etc exist. It's kind of a tiny market for Paypal though.
More likely is that they would allow you to fund with BTC so you can spend with fiat. This might appeal to people with BTC who prefer it didn't touch down in the banking system before they spend it as fiat. For the exchange risk to be acceptable to Paypal would require a considerably larger, more robust and sophisticated BTC/fiat market than exists at the moment.
People who believe Bitcoin's survival implies the wholesale overturning of the existing financial order are being over dramatic. When a new disruptive technology such as the internet comes along a few big companies who don't adapt go bust and a few new big companies emerge. The rest adapt their businesses and carry on. By and large the rich people stay rich and the poor people stay poor.
true
what's Paypal business model?
what's his role and what "problem" they solve?
what strategic sense could have for them to add BTC?
what's his role and what "problem" they solve?
what strategic sense could have for them to add BTC?
Another way for money to flow into their coffers. Of course they are not likely to offer BTC as a payment option, though they could. Bitcoin kind of sucks for retail because six confirmations can take hours. That is why Bitpay etc exist. It's kind of a tiny market for Paypal though.
More likely is that they would allow you to fund with BTC so you can spend with fiat. This might appeal to people with BTC who prefer it didn't touch down in the banking system before they spend it as fiat. For the exchange risk to be acceptable to Paypal would require a considerably larger, more robust and sophisticated BTC/fiat market than exists at the moment.
People who believe Bitcoin's survival implies the wholesale overturning of the existing financial order are being over dramatic. When a new disruptive technology such as the internet comes along a few big companies who don't adapt go bust and a few new big companies emerge. The rest adapt their businesses and carry on. By and large the rich people stay rich and the poor people stay poor.
http://www.dailydot.com/business/paypal-president-bitcoin-accepted-exchange/
a ceo of such a company can not walk around and talk bullshit. if they say they considering it, they most likely are considering it. this message of the ceo is not aimed at the crazy bastards on a bitcoin hobby speculation forum. it is aimed towards their competition. it says: if you pick up this new tool, WE WILL ALSO.
a ceo of such a company can not walk around and talk bullshit. if they say they considering it, they most likely are considering it. this message of the ceo is not aimed at the crazy bastards on a bitcoin hobby speculation forum. it is aimed towards their competition. it says: if you pick up this new tool, WE WILL ALSO.
You are not thinking clearly. BTC would add nothing to Paypal, BTC is an enemy for Paypal.
They are looking into crypto, but they won't embrace BTC.
"So I’ve been spending a lot of time looking at it, and it’s truly fascinating actually: the way that the currency’s been designed, and the way that inflation is built in to pay for miners, and all that is truly fascinating. I think that for us at PayPal, it’s just a question whether Bitcoin will make its way to PayPal’s funding instrument or not. We’re kinda thinking about it."
(PayPal President David Marcus, quote from an interview with Bloomberg TV Wednesday )
i bet you one btc that either western union or paypal or another big financial services company will announce they accept bitcoin before the end of 2014.
http://www.dailydot.com/business/paypal-president-bitcoin-accepted-exchange/
a ceo of such a company can not walk around and talk bullshit. if they say they considering it, they most likely are considering it. this message of the ceo is not aimed at the crazy bastards on a bitcoin hobby speculation forum. it is aimed towards their competition. it says: if you pick up this new tool, WE WILL ALSO.
a ceo of such a company can not walk around and talk bullshit. if they say they considering it, they most likely are considering it. this message of the ceo is not aimed at the crazy bastards on a bitcoin hobby speculation forum. it is aimed towards their competition. it says: if you pick up this new tool, WE WILL ALSO.
You are not thinking clearly. BTC would add nothing to Paypal, BTC is an enemy for Paypal.
They are looking into crypto, but they won't embrace BTC.
http://www.dailydot.com/business/paypal-president-bitcoin-accepted-exchange/
a ceo of such a company can not walk around and talk bullshit. if they say they considering it, they most likely are considering it. this message of the ceo is not aimed at the crazy bastards on a bitcoin hobby speculation forum. it is aimed towards their competition. it says: if you pick up this new tool, WE WILL ALSO.
a ceo of such a company can not walk around and talk bullshit. if they say they considering it, they most likely are considering it. this message of the ceo is not aimed at the crazy bastards on a bitcoin hobby speculation forum. it is aimed towards their competition. it says: if you pick up this new tool, WE WILL ALSO.
Saying that Paypal will embrace BTC is like saying that one day the president of the US will be an anarchist.
Mmmm... Yeah.... A contradiction in terms. What Paypal MAY do is to create THEIR OWN, CENTRALIZED cryptocurrency. Quote this for truth, and stop dreaming.
Mmmm... Yeah.... A contradiction in terms. What Paypal MAY do is to create THEIR OWN, CENTRALIZED cryptocurrency. Quote this for truth, and stop dreaming.
I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
THIS.
There's no way Paypal adds Bitcoin. Think carefully about it. Bitcoin and Paypal are enemies, there's no synergy possible, full stop.
Don't forget the main points of Bitcoin, and now I will quote the wiki:
Quote
Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.
Bitcoins are sent easily through the Internet, without needing to trust any third party.
Transactions are irreversible by design
Bitcoins are sent easily through the Internet, without needing to trust any third party.
Transactions are irreversible by design
And now, please answer:
what's Paypal business model?
what's his role and what "problem" they solve?
what strategic sense could have for them to add BTC?
I don't know what would happen - but appearance of this kind of fantasy threads is a bearish indicator.
Well they are payment processors, and Bitcoin is a way to pay people, so it makes sense that they might. I don't think it's fantasy. Maybe a long way off.
I still don't see any point for a buyer to use Paypal with BTC though. No reason not to accept it as a merchant, but through Paypal you will sacrifice your anonymity and your lack of fees in exchange for - what?
Still it could bump the price if for no reason other than awareness.
over 9k, probably even over 9m.
I will buy 1 or 2 btc now, I will be able to buy paypal tomorrow
I will buy 1 or 2 btc now, I will be able to buy paypal tomorrow
I don't know what would happen - but appearance of this kind of fantasy threads is a bearish indicator.
I will see this as the first step in the "can't beat 'em, lets join 'em" cascade. But in the long run, paypal will die because Bitcoin obviates its function.
I doubt it obviates it. Because Paypal will take an Escrow and exchange function again. That is probably their plan.
They will start to become the big Escrow intermediary. And if you fuck it up with them, since they can't just take the bitcoin, they will disable the function to get you paid by other means.
Since Paypal has HUGE adoption, they still have a lot of punch.
I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
Paypal would charge fees too. They are so convenient that people would be more then happy to pay the fees. They could store their bitcoins on Paypals super sercure online wallet, and not have to worry about their bitcoins being stolen. And Paypal would be insured for thefts so they could sleep peacefully at night.
That's how they would do it. People would pay 2% to know their wallet won't be hacked and that paypal will back them up in the event it is.
What's the point, may as well use dollars right?
Who is going to insure bitcoins? Name one business that will insure this.
I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
Paypal would charge fees too. They are so convenient that people would be more then happy to pay the fees. They could store their bitcoins on Paypals super sercure online wallet, and not have to worry about their bitcoins being stolen. And Paypal would be insured for thefts so they could sleep peacefully at night.
That's how they would do it. People would pay 2% to know their wallet won't be hacked and that paypal will back them up in the event it is.
I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
PayPal charges fees on transactions. Bitcoin charges almost no fees.
PayPal has employees to pay and bills. Bitcoin doesn't.
It is almost like a suicide mission.
Maybe I am missing something here.
The order book would be cleared during a 4 hours rally.
The fact that there a significant percentage people who apparently think Paypal adoption could possibly hurt Bitcoin, is very bullish for the price. It means many investors, even here, have little understanding of the investment situation.
I have trouble believing that. Maybe I have too much faith in humanity
The fact that there a significant percentage people who apparently think Paypal adoption could possibly hurt Bitcoin, is very bullish for the price. It means many investors, even here, have little understanding of the investment situation.
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